One Thousand and Ninety-Five The Economic Crisis of the Ming Dynasty

On October 31 of the first year of Longwu, the heroes of the Korean conquest arrived at the port of Tianjin Wei, and then changed to war horses and galloped to the capital, ready to meet the emperor.

Xiao Ruxun ordered the commander and generals of the Korean War to meet him and tell him about the course and results of the battle, as well as the follow-up situation, such as the situation in Korea and the situation in Jianzhou.

And, Xiao Ruxun decided to summon Mao Wenlong alone.

The upcoming Battle of Banzhou should let a group of outstanding young generals take the lead, don't always be in the limelight with the generals of the Northern Expedition, newcomers must also experience and grow, and one war after another will not only be fought by money and the national fortunes of Daqin, but also by the future famous generals and generals.

The civil and military generals who stood out in the war are the most valuable talents.

The main generals of the Liaodong Corps headed by Liao Zhong, including Jiang Dahai, arrived at the palace on the first day of November to meet Xiao Ruxun, and after Xiao Ruxun left the early dynasty, he went to the Qianqing Palace to summon them.

At present, the Great Qin army is still helping the king of Korea to stabilize the place on Korean soil, deter Xiaoxiao, and maintain the rule of Korea, and they are also here to ask the emperor for advice on the next strategy and how the army should continue to operate.

They don't feel tired of fighting, and their exploits are enough.

Great Qin's army was like a wolf and a tiger.

Xiao Ruxun has just discussed many matters such as horse administration, education and Dachi Road with the ministers in the previous dynasty, and the silver is spent like flowing water, although there are many gold and silver mountains in the south of the Yangtze River are incredible, but such a flowing water spends money on infrastructure construction, and I don't know when this gold and silver mountains will be spent.

Therefore, he has been paying close attention to the affairs of the five-port trade, and is even organizing an ocean-going merchant fleet, preparing to go to the Europa continent to make gold.

They used triangular trade to earn bloody gold and silver, and Daqin washed the gold and silver with clean goods and brought them to Daqin.

Of course, the possible inflation is also on his radar, but at this time, the situation is slightly different.

Because the circulation of currency has increased greatly, and the productivity can not keep up, which leads to the depreciation of the value-added currency of goods, which is not unheard of in history, the Song Dynasty's Jiaozi and Daming treasure banknotes are issued indiscriminately, so that the reputation has been ruined, and now the people are extremely distrustful of paper money.

So much so that Zhang Juzheng used a whip method to determine the monetary status of silver, which basically replaced the circulation of Daming treasure banknotes, ended the meaning of the existence of Daming treasure banknotes, and the purchasing power of silver increased greatly, basically replacing people's demand for paper money.

How much does a tael of silver weigh? You can buy 377 catties of rice, how much difference is it from paper money?

The bankruptcy of Song Jiaozi and Ming Bao banknotes caused Xiao Ruxun to be unable to properly carry out monetary reform, and there were many controversies over the weight and fineness of the silver in the process of circulation.

Since March of the first year of Longwu, there have been many civil disputes caused by disputes over the weight and fineness of silver in the handling of government affairs reported by various places.

Although Xiao Ruxun cleansed the landlords and large merchants, after the small and medium-sized merchants handed over the land, they were able to survive, not to mention the small merchants and hawkers, who were not affected.

After the end of the land reform, under the organization of the local township government, the merchants accepted the new commercial tax policy, resumed relations with the peasant associations, and resumed commercial activities under the supervision of the local government, and now the three southeastern provinces have regained their vitality.

With a bumper harvest in various places this autumn and merchants beginning to move around, it is natural that the exchange of money and money cannot be stopped, and the controversy that has been in place cannot be eradicated.

Xiao Ruxun is also considering when to delineate the standard, change the silver tael into a standard silver coin, and verify the fineness and weight as the basic standard, which will be used throughout the country to unify the fineness and weight of the silver tael throughout the country.

Through the government order, let all parts of the country use silver coins instead of silver taels for trading, and then open the channel of exchanging silver taels for silver coins, so that the people can exchange their own silver taels for equivalent silver coins, so that the circulation of silver can be standardized.

At the same time, through the issuance of silver coins, the quantity of silver in circulation was controlled, the value of currency was controlled, prices were maintained, economic development was accelerated, roads were built in various places, infrastructure construction was carried out in various places, and local revitalization was carried out, so that exchanges between various places were intensified.

In addition, the silver earned from overseas does not need to be put into market circulation, and if it is not necessary to circulate, the silver has storage value.

In the sixteenth year of Wanli in the Ming Dynasty, in 1588, the Spanish Armada was defeated by the British fleet, and the Spaniards, who had been undertaking the foreign trade of the Ming Dynasty and importing the silver plundered from the Americas into the Ming Dynasty, were finished.

Spain suffered heavy losses and suffered a lot of vitality, and could not afford the goods of the Ming Dynasty, and there was no silver import, which was a very heavy blow to the southeastern coastal provinces dominated by the export-oriented economy during that period, and even triggered an economic crisis in the south of the Yangtze River.

This sudden economic crisis had a heavy impact on all parts of the Yangtze River, directly leading to an overabundance of goods and a shortage of silver, and several inland provinces that relied on transporting goods to the southeastern provinces to make money were dealt a serious blow as a result.

It was not until the rise of the Dutch and the East India Company that this situation was alleviated, and there was a place for Chinese goods to be sold.

And during this period, the large amount of American silver that had been imported suddenly seemed to have disappeared.

This is the handiwork of those large landlords and gentry with a keen sense of smell, through the collection of silver, to reduce the circulation, to ensure the value of silver, to reduce the value of goods, so that they are not damaged, but they have suffered from the big suppliers in several inland provinces, such as the four major toasts in Guizhou, of course, including Yang Yinglong.

The four major toasts had a lot of wealth, and they began to send their goods to Suzhou and other places to sell from the Chenghua period, earning a lot of silver.

In order to make some places along the way, they often give half away and sell half, and feed the relevant local officials to their heart's content, and everyone makes money together and has a harmonious relationship.

Until the outbreak of a war thousands of miles away, the Spanish people declined, the inflow of silver into the Americas was greatly reduced, and the gentry began to cover the silver, causing a silver shortage and the accumulation of goods, causing an economic crisis.

The export-oriented economy on the southeast coast suffered a serious blow, but the imperial court at that time had no awareness and no means of macroeconomic control.

Yang Yinglong, who couldn't sell things, had a big loss of income, but he needed to maintain his life and status, as well as his rule in Banzhou, and his personal temperament was impatient, so he started to loot everywhere, and when he found that the young people in the mountains were poor and difficult to rob, he began to rob the Han people.

The contradictions between him and the Ming government in Sichuan began to intensify, and the previous harmonious relationship no longer existed, which directly led to the Battle of Banzhou.

Therefore, the butterfly effect is really amazing, and as early as this time, it has already reflected a terrible lethality.

A battle for maritime supremacy between Britain and Spain sparked a bitter war between hundreds of thousands of people as far away as China ten years later.

At the end of the Ming Dynasty, the merchants and landlords and gentry in the south of the Yangtze River were the indirect promoters, hiding the silver that the Spaniards and Portuguese got from all over the world, and it was not circulated, and each family had a lot of money, but it was extremely limited to put it on the market.

They themselves know that once there is more silver, silver is cheap, and their wealth is shrinking.

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